Withdrawal of Rs 2,000 note can boost growth by pushing consumption: Report
The real GDP growth for the first quarter of FY24 will come at 8.1% with an upward bias and the Reserve Bank of India’s 6.5% estimate can also be exceeded, economists at the country’s largest lender SBI said. “We expect Q1 FY24 GDP growth at 8.1% with an upward bias due to the impact of […]
Gift Nifty to be accessible for trading for 21 hours on NSE IX from Jul 3
NSE International Exchange (NSE IX) will start trading the Gift Nifty derivative contracts on July 3, which is accessible for almost 21 hours across Asia, Europe, and US trading hours. Gift Nifty offers foreign investors a single pool of liquidity and venue to access dollar-denominated Nifty derivatives at NSE IX regulated by the International Financial […]
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Indian equity benchmarks Sensex and Nifty closed lower due to profit booking and heavyweights like ICICI Bank and Reliance Industries facing selling pressure, resulting in losses for many private banks. The PSU banks, however, saw the highest sectoral gains. Looking ahead, there may be more volatility as the Nifty has been witnessing significant swings in […]
Adani Enterprises falls most in a month. Are bears wresting control from bulls?
Shares of Adani Enterprises, along with other Adani Group companies, have ended the day in the negative territory. The sharp fall in Adani Enterprises stocks of over 6% was backed by high volumes, making investors poorer by $1.4 billion. The fall in trading saw the stock snap a two-day winning streak, following a roller coaster […]
TPG Investments exits Shriram Finance; offloads 99.18 lakh shares for Rs 1,389 crore
Private equity firm TPG Investments sold all its shares in Shriram Finance through its Indian arm, TPG India Investments, which amounted to 2.64% of the company. The sale reportedly earned the PE firm INR13.89bn ($185.84m). Shriram Finance, offering consumer services such as automobile, commercial vehicle, business and gold loans, is majority public-owned with 74.49% stake, […]
These 11 financial services stocks touch their new 52-week high; gain up to 35% in a month
Minting Money! 9 HNI stock bets pay off with over 45% returns in just over 2 months
High net-worth individuals in India have benefited from the bull market, earning up to 80% returns in just over two months after increasing their holdings in select stocks. Of 182 bets made during Q1, 125 beat the benchmark, with nine stocks rallying over 45%. Early stage food delivery firm Zomato, in which HNIs hold a […]
Tech View: Nifty charts show dark cloud cover patterns. What should traders do on Tuesday?
Although Nifty almost hit a lifetime high at 18,881, it formed a bearish reversal pattern and ended 71 points higher. Nifty has been making higher highs for the past five sessions, but now there is pressure and profit-booking at higher levels. For an uptrend, Nifty has to cross and maintain above 18,777 zones. The support […]
Pharma good for next 2-3 years; wait a quarter before entering IT: Abhishek Basumallick
IT services face the challenge of no growth visibility and until and unless there is a clearer outlook, clients will not tend to start giving new projects. However, there are plays in the ER&D space within IT that could prove worthwhile. Although pharma and IT sectors have been underdogs, there are pockets of the market […]
5 stock ideas from Motilal Oswal that can rally up to 22% in a year
Here are top research ideas by Motilal Oswal that can surge up to 22% in 1 year.